The Impact of Macroeconomic Variables on Jakarta Islamic Index (JII) Fluctuation

null Maulana Ja'far Shodiq; null Muhammad Ridho Al-Fathan; null Muhammad Ridwan Hidayat

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Review on Islamic Ac...arrow_drop_down

Review on Islamic Accounting

Article . 2022 . Peer-reviewed

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The Impact of Macroeconomic Variables on Jakarta Islamic Index (JII) Fluctuation

descriptionPublicationkeyboard_double_arrow_right Article 28 Nov 2022Publisher:Sharia Economic Applied Research and Training (SMART) InsightJournal:Review on Islamic Accounting, volume 2 (eissn: 2985-3265,

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Authors: null Maulana Ja'far Shodiq; null Muhammad Ridho Al-Fathan; null Muhammad Ridwan Hidayat;

doi: 10.58968/ria.v2i2.173

The Impact of Macroeconomic Variables on Jakarta Islamic Index (JII) Fluctuation

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Abstract

This study aims to determine the impact of economic growth rates, inflation, interest rates, on prices or the level of JII price proportions. In addition, this study aims to determine how significant the influence of these factors is on the performance of the sharia-based stock market in Indonesia. The method used is multiple linear regression (OLS). The results of the study found that the economic growth rate has a significant positive effect on JII price and interest rates do not significant and negative effect.

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Ghana

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